- I-ON Digital (OTCPK:IONI) to acquire 910,000 shares of common stock of Orebits Corp, representing a controlling interest.
- The company currently anticipates that the transaction, subject to closing conditions, will close effective with the end of the fourth quarter of 2023.
- By virtue of its controlling stake in Orebits, I-ON will acquire a controlling stake in Orebits’s patented gold-digitization technologies.
- As enhanced by the company’s hybrid blockchain platform and related workflow management, the company estimates the transaction to be valued at approximately $18 million.
- Source: Press Release